Asia Pacific

India’s TCNS Clothing Co has mandated Citi and Kotak Mahindra Capital for an IPO slated for next year, according to bankers close to the matter.

China’s RYB Education is slated to open books on Thursday for its $100m IPO on the New York Stock Exchange, said bankers leading the trade.

China Modern Dairy, which prepaid an old syndicated loan early last year, is back for a $300m three year offshore borrowing.

ICICI Lombard General Insurance, India’s largest private sector non-life insurer, is set to launch its IPO on September 15, and is eyeing up to Rp57bn ($892.8m).

Chinese state-owned Weichai Power Co priced a $775m senior perpetual bond on Thursday, enjoying a quiet day of issuance to bag a deal inside analysts’ fair value estimates.

Short dated bonds appear to be making a comeback, with Jutal Offshore Oil Services receiving approval from its board for a 364 day dollar-denominated note.

Macquarie Korea Infrastructure Fund is looking to raise W150bn ($132.9m) through a follow-on offering, publishing a draft prospectus for the deal.

Thai firm Prima Marine was set to wrap up bookbuilding for its Bt5.2bn ($156.9m) IPO on Friday.

Habib Bank (HBL) has reached a settlement with US regulators for a much lower fine of $225m, after accusations it had breached anti-money laundering rules wiped 30% off its market value.

Bank of China Hong Kong (BOCHK) is coming back to the Panda bond market after a two year absence, with the ambition of raising a whopping Rmb9bn ($1.38bn) from a one year note.

BRICS countries agree to establish a local currency fund at the summit in Xiamen, China’s FX reserves grew by 0.4% in August, and Standard Chartered adds foreign holdings of onshore assets as a metric to its Renminbi Globalisation Index (RGI).

Two top executives of China Medical System Holdings raised HK$1.2bn ($156.4m) from an overnight bookbuild on Thursday, opting for size over price.